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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Office buildings
555 Main St, Shrewsbury, MA 01545-2932
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-1811742
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
FRAME
Total area
9,077 SF
Lot
1.39 ac (60,548 SF)
Zoning code
LB
APN
SHRE M:22 B:020000
UPID
US38-1811742
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Skin Dermatology Physician Medical Clinic
-
Dr. Luciana Messina Dental Office
-
David A. Klein, M.D. Physician
-
Hazen Deborah MD Physician
-
Alissa Lamoureux, DO, FAOCD, FAAD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.39M
Owner & transaction history
Rawdak Real Estate Hldgs · 9 yrs held
Rawdak Real Estate Hldgs
since 2017
7 recorded transactions
Zoning & alternative use
LB · Shrewsbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+38.7%
Retail stores
$1.4M
+15.4%
Auto repair, garage
$1.4M
+12.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Shrewsbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shrewsbury submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,235,000
Current use
RESTAURANT
$1,710,000
Change: +39% · Conversion: Moderate
RETAIL STORES
$1,425,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,395,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,145,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,090,000
Change: -12% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,000,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$153 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$17,323
Tax year 2024
Assessed value
$1,399,300
Assessed 2024
Previous assessed
$1,461,100
-4.2% YoY
Effective rate
1.24%
On assessed value
Assessed land
$362,600
Assessed improvement
$1,036,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Bathrooms
4
Total area
9,077 SF
Lot
1.39 ac (60,548 SF)
Zoning code
LB
APN
SHRE M:22 B:020000
UPID
US38-1811742
Jurisdiction
SHREWSBURY
Zoning & alternative use
LB · Shrewsbury, MA
Zoning LB · permitted uses
LB · Shrewsbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shrewsbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Bathrooms
4
Lot
1.39 ac
Current owner
From public records · entity-resolved
Rawdak Real Estate Hldgs
Individual
Mailing address
15 SMITH RD, NORTHBOROUGH, MA 01532-1051
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2017
$1,770,000
Rawdak Real Estate Hldgs
555 Main Street LLC
Quit Claim Deed
$1,800,000 · Sidney D Wolk
May 15, 2002
—
555 Main St. Shrewsbury
—
Deed Of Trust
related
$470,000 · Banknorth NA
Jun 4, 1999
—
555 St Shrewsbury LLC
—
Deed Of Trust
related
$415,000 · Middlesex Savings Bank
Aug 5, 1996
$175,000
Main Street 555
Hakim,nora A
Grant Deed
$350,000 · Middlesex Savings Bank
Dec 11, 1989
$308,000
Quinsigamond Assoc INC
Cole,robert
Grant Deed
$240,000 · Peoples Bk Worcester
May 5, 1989
—
Cole,robert Tr
—
Deed Of Trust
related
$160,000 · Zwi Kohorn
Mar 31, 1989
—
Robert A Cole
—
Deed Of Trust
related
$120,000 · Home Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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